Nov 10, 2022

In 2022, the record bear run across asset classes has eliminated any diversification benefits, leaving investors with no place to hide. Realized and expected monetary policy moves drove most of fixed income and equity performance.

Nov 09, 2022

With the Republican party now in control of the House of Representatives (results for the Senate to follow), no major economic and fiscal legislation will be pushed through in the next two years.

Nov 04, 2022

Next week, the European Commission is expected to propose the most ambitious overhaul of the EU fiscal framework in more than two decades. Given the rapid rise in debt ratios during the pandemic and the current energy crises, the application of the current rules, which are currently suspended, would require unrealistically large – and counterproductive – fiscal adjustments by some high-debt countries.

Nov 03, 2022

In an uncertain world, it is essential to diversify investment portfolios. But this is not always easy. When more and more risky-asset markets are rising simultaneously it often is a sign that the risk of a broad-based collapse in asset values is building up.

Oct 28, 2022

Unlike in previous elections, there are few signs of politically driven stress on Brazilian markets. Yet, Brazilian markets are in for a reality check in 2023. The results of the first round of the Presidential elections have reduced the likelihood of extreme policies: markets are familiar with both candidates.

Oct 27, 2022

Half of the countries we analyze have recorded double-digit increases in business insolvencies in the first half of 2022. European SMEs (the UK, France, Spain, the Netherlands, Belgium and Switzerland) explain two-thirds of the rise.